The Social media giant ‘Facebook’ might face some trouble regarding the data sharing policy provided during it’s acquisition of the messaging company- Whatsapp in 2014.
According to the European commission (EU) Facebook has breached it’s obligation under the EU Merger Regulation by providing misleading information “intentionally or negligently” Good news is that these objections sent to Facebook will not affect the already approved $22 billion merger earlier.
also said last month that she has opened investigation against WhatsApp where the commission is concerned about the users not being informed enough and there is no clarity on what Facebook plan to do with the information.
Facebook had indicated in its notification of the planned acquisition that it would be unable reliably to match the two companies’ user accounts. Facebook has time 31st January to respond to all the objection. The commission can impose the company a fine of 1 per cent of turnover or about $179 million based on 2015 revenues, if the concerns are confirmed. Companies do have an option to appeal in the European Court of Justice, which has revered the fines in the past.